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3303 Coconino Dr San Antonio, TX 78211

3 Beds 2 Baths 1,277 sqft Built 1971

INVESTimate

$162,000

List Price

$1,110

$999 - $1,221

Rent Est.

$172,336  ( +6.38%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1971
  • Price/Sqft : $126.86
  • 9 Days on Market
  • MLS # : 1477787
  • Updated Date : 08/20/2020 at 00:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,277 sqft
  • Baths : 2 full
Listing Agent

Premier Realty Group

Listing Agent's Description

Nicely updated 3 BR / 2 Bath near Palo Alto and the new Texas A&M campus. Recent updates include windows, roof, ceramic tile and ceiling fans! Corner lot with Mature Trees, and handy Storage Shed out back. Corner house backs up to the Alley in the back no neighbors behind house, side parking entrance. Living Area is open and airy, flows well to the kitchen. AC Unit installed July 2019, Electrical updated August 2012, Roof replaced August 2015, Windows updated August 2012, bathrooms recently remodeled, Ceiling fans and fixtures updated, concrete slab poured for two garage, back gates added 2018, water installed 2018, privacy cedar/pine fence installed July 2018.

SEE MORE

MARKET HIGHLIGHTS

  • The metro contributes to 7.2 percent of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)
  • Five Fortune 500 companies are headquartered in San Antonio: Valero Energy; Tesoro; United Services Automobile Association (USAA); CST Brands; and iHeart Media (Formerly CC Media Holdings).
  • The metro employment growth is at 2.3 per cent and predicted to be at 2.2% in 2019 (USMayors.org, 2018)
  • San Antonio metro has 60.7 percent labor force participation rate (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: South Southwest Neighborhood Association

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $63k204k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: South Southwest Neighborhood Association

NeighborhoodNIR Market*CityMarket2010Year20002019 Q260070080090010001100120013001400Rent in $5561456

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Bob Hope Elementary School Primary Regular 409 29 5
Resnik Middle School Middle Regular NA
Southwest High School High Regular 3,545 195 3

Bob Hope Elementary School

  • Education Level: Primary
  • # of students: 409
  • # of teachers: 29
5
GreatSchools Rating

Resnik Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Southwest High School

  • Education Level: High
  • # of students: 3,545
  • # of teachers: 195
3
GreatSchools Rating
 

$145,800$178,200$162,000

PURCHASE PRICE

$999$1,221$1,110

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,110
EXPENSES Loan Payment -$598
Property Tax -$362
Property Insurance -$101
Property Management Fees -$99
CASH FLOW
-$49

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$162,000

PROJECTED PRICE

$1,110

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.38%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$48,680

INVESTMENT

$48,680

Down Payment
$40,500
Rehab Estimate
$5,750
Closing Costs
$2,430

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$598

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $40,500
Loan Amount $121,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$2,069

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,110

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,089

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$850
1$8502$9453$9504$9955$1,110
$1,110
RENT COMPS ANALYSIS
  • 3303 Coconino Dr San Antonio, 5
    • 3 beds 2 baths ∙ 1,277 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,277 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,110
    • $0.87
    •  
  • 3218 Fort Parker Dr San Antonio, 1
    • 3 beds 1 baths ∙ 1,024 Sqft ∙ Built 1969 3 beds 1 baths ∙ 1,024 Sqft ∙ Built 1969
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $850
    • $0.83
    •  
  • 2114 Bane St San Antonio, 2
    • 3 beds 3 baths ∙ 969 Sqft ∙ Built 1970 3 beds 3 baths ∙ 969 Sqft ∙ Built 1970
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $945
    • $0.98
    •  
  • 3414 Normangee San Antonio, 3
    • 3 beds 1 baths ∙ 1,175 Sqft ∙ Built 1970 3 beds 1 baths ∙ 1,175 Sqft ∙ Built 1970
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.81
    •  
  • 3415 Twining Dr San Antonio, 4
    • 3 beds 1 baths ∙ 1,267 Sqft ∙ Built 1986 3 beds 1 baths ∙ 1,267 Sqft ∙ Built 1986
    LEASED 06/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.79
    •  
PROPERTY LISTING DETAILS
Patricia Galan
1.210.219.0466
Premier Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1477787
Last Updated: 08/20/2020
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